Despite signs of cooling price gains following a sudden uptick two years ago, officials at the central bank overseeing the 20-country eurozone currency bloc have been recently unwilling to roll out borrowing cost reductions early this year.
Instead, analysts are focusing on the ECB’s communication. Economists at ING said in a note that they are curious to see if President Christine Lagarde will calibrate her messaging to pave the way for a potential cut in June this year. Lagarde is due to hold a press conference at 1345 GMT.
This is a developing story. Please check back later for updates.
